28 Apr Acquiring Minds: 21 Months to Stability Buying a $1.2M SDE Business
You already know that construction businesses are tough, particularly residential ones: Cyclical. Project based. High ticket. Discretionary. So one of the first things we discuss in today’s interview is why Jan liked this business in spite of those characteristics. And Jan did experience that cyclicality in year 1 of his ownership, when sales dropped 25% because it was an election year. He was hit with other major challenges too: A lawsuit between him and his partner in the acquisition; waiting months for the state of Georgia to issue a necessary license; the learning curve: general contracting requires knowledge of 30 trades. So it has been a harrowing journey. But happily he is on the other side of most of that now. The business is stabilized and growing again. Please enjoy this interview with Jan Roll, owner of Victoria Renovations.
